JAXX Wallet Official Statement & advice to users as they prep wallets for the BTH (Bitcoin Cash) coin split.

in #bitcoin7 years ago (edited)
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JAXX Wallets (multi platform) announced days ago they would support the Bitcoin Fork support and related new coin - Bitcoin Cash.

Their wallets will support the transition and the 1:1 coin split distribution.

This is a complete, essentially unedited statement from JAXX on the situation who have been tweeting and reporting on their website(s) relating to this and it is very useful information.

  • I have made minor edits for formatting and to include hot links plainly so you can see where the links go, etc.

All contact info and links for this, and JAXX will be included as usual for posts that I write so info is easily visible and accessible.

The TLDR Version:

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They are downloading the entire new BCH blockchain (some still calling it BCC including myself at times, which is not right, BCC belongs to the BitConnect coin) -- and will provide support for this split in the next "few hours or days" -- their words, not mind.

Please keep reading for more detail or to learn more.


My latest tweet to them, from around 10 pm or so last nite on this, looking for updates on the wallet support / coin split, since Bitcoin Cash was trading around $500 USD last nite....... and in the early morning hours, continued to move up and up and basically double even that number, while people wait on coins to be split in wallets.....

https://twitter.com/BarryDutton/status/892588416621305857

As of TOW this blog, both their official Twitter accts have nothing extra updated to add on this situation, no reply to my question/tweet noted here above.


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JAXX STATEMENT ON BITCOIN CASH (BCH)

JULY 29, 2017 ANTHONY DI IORIO

Background

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On Tuesday August 1st, 2017, at 12:20pm UTC, Bitcoin Cash, a new digital currency which has been gaining a lot of attention recently, will come to existence. Since Bitcoin Cash (BCH*) is a fork of Bitcoin (BTC), should you own and are in control of the private keys to your Bitcoin (BTC), you will have the ability to claim the same corresponding amount of Bitcoin Cash (BCH).

In preparation for this fork, users who wish to claim their Bitcoin Cash (BCH) are advised to move their Bitcoins (BTC) off hosted wallets and exchanges to a place where they can be in control of the private keys to their Bitcoin (BTC). With a few exceptions, hosted services such as Coinbase will not be giving their users the ability to retrieve their corresponding Bitcoin Cash (BCH).

What does this mean for Jaxx users?

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As a multi-platform, multi-currency blockchain wallet, over the past many days, we have been flooded with requests to support Bitcoin Cash (BCH). Yesterday, we officially made the decision to work towards full integration.

Since Jaxx users are always in control of their private keys, corresponding Bitcoin Cash (BCH) will be safe in your Jaxx wallet. However, please know that you will not be able to access/send/receive your Bitcoin Cash (BCH) until the integration takes place.

The process of downloading and indexing the Bitcoin Cash (BCH) blockchain is lengthy. We are currently downloading the blockchain and expect indexing to start shortly. The indexing of a blockchain as big as Bitcoin’s has an unknown duration and could take anywhere from a few days to 1 to 2 weeks. You will be then able to claim them once Jaxx fully integrates Bitcoin Cash (BCH) into the wallet.



Recommendations for Jaxx users


-- Jaxx users wishing to claim their Bitcoin Cash (BCH) can do one of the following:

  • Leave your Bitcoin (BTC) untouched in Jaxx until the full integration of Bitcoin Cash (BCH) goes live5

  • Send your Bitcoins (BTC) to an exchange that will be allowing users the ability to claim their Bitcoin Cash (BCH) such as our partner Bittrex

  • Send your Bitcoins (BTC) to a wallet that will be allowing users the ability to claim their Bitcoin Cash (BCH)

  • Export your Bitcoin (BTC) keys (see below) from Jaxx or send your Bitcoin (BTC) to a wallet that will be fully supporting both
    Bitcoin (BTC) and Bitcoin Cash (BCC) at launch


JAXX Contact Info & Links:


As always, please feel free to reach out to us should you have any questions. For the latest news on this matter and for the latest news on Jaxx in general, please refer to our @Jaxx_io Twitter account -- https://twitter.com/jaxx_io

For technical questions or support, please reach out to our customer success team here -- https://decentral.zendesk.com/hc/en-us

https://jaxx.io/
https://twitter.com/jaxx_io
https://twitter.com/Jaxx_Support


For more information about Bitcoin Cash (BCH), you can visit the following websites:

Bitcoincash.org --- https://www.bitcoincash.org/

BitcoinTalk Announcement Thread -- https://bitcointalk.org/index.php?topic=2040221

Bitcoin Cash: What You Need to Know (Medium) -- https://medium.com/p/bitcoin-cash-what-you-need-to-know-c25df28995cf

*Please note that we and many others are now referring to Bitcoin Cash as “BCH” due to “BCC” having already been claimed by another currency (BitConnect)


Disclaimer (by JAXX)

Please know that there are a lot of unknowns that can emerge in the blockchain ecosystem especially when hard forks occur. We will do our best to keep you informed and provide guidance, however it is your responsibility to fully understand the ins and outs of cryptocurrencies.

Please visit Jaxx.io and familiarize yourself with our Terms of Service and Privacy Policy before using our product.


Steps for exporting your private keys from Jaxx:

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Menu / Tools / Display Private Keys / Display Bitcoin Keys
Export any Bitcoin (BTC) keys that have balances or any other Bitcoin (BTC) keys you wish
See the instructions on the service you wish to import the keys into for further information

http://decentral.ca/jaxx-statement-bitcoin-cash-bch/



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Sort:  

Beautiful and nice post

I love Jaxx wallet

If we will send bitcoin now to bittrex, they will give us Btc Cash? :O

Nope, you had to hold it prior to the Aug 1 deadline

If you have BTC in a wallet, you can get your BCH and then send it to the exchange once they start accepting deposits

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https://twitter.com/BarryDutton/status/892807143304376323


Tagged both their accounts as you can see, I know they are busy but we are losing a pile of money having our coins stuck -- and with no updates.

Ppl. that waited on JAXX to have this done, and trusted them -- cannot trade their BTH coins if they want and the gains are HUGE -- meaning so are the losses from not having said coins!

Tweet at them if you have a minute.

Is jaxx really that safe? Pls i need response

Thanks for the info, useful if I had Jaxx

Iam glad they did it. But they gave there ann. pretty late though.

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